Farrer Road residential site put up for public tender

Bidding commences in around two weeks as a developer has committed to bid at a price of not less than $28,888,000.

As the minimum price committed by the developer is acceptable to the Government, the site will be released for sale by public tender, said Urban Redevelopment Authority. The Farrer Road land parcel was made available for sale through the Reserve List system on 30 Apr 2012.

With a land area of about 0.27 ha, the residential site is expected to generate a gross floor area of about 3,839 sqm. The land parcel is located near Botanic Garden MRT Station and is well connected to major arterial roads and expressways such as Bukit Timah Road, Dunearn Road, Farrer Road and Pan-Island Expressway (PIE).

In accordance with the procedures of the Reserve List system, URA is making public the minimum price committed for the site. However, the identity of the applicant will not be released.

URA will launch the public tender for the site in about two weeks. The launch date will be announced later. The tender period for the land parcel will be about five weeks.

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